Mortgages

FORBES: Foreclosure Activity Falls To The Lowest Level Since March 2020

Mortgages / By

Published by Forbes.com | January 11, 2022 CoreLogic, a global property information provider, today released its monthly Loan Performance Insights report for October 2021. For October, 3.8% of all mortgages in the United States were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3 percentage point decrease compared to …

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Thousands could soon lose – or sell – their homes as Covid mortgage bailouts expire

Covid-19, Mortgages / By

Published by CNBC Business, Real Estate | December 2, 2021 The bailouts allowed millions of homeowners to miss payments, some for up to 18 months. Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when …

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Foreclosure Activity Sees 6th Consecutive Increase in Q3

Covid-19, Mortgages / By

Published by FOX Business | November 19, 2021 After the federal foreclosure moratorium ended in July, and the eviction moratorium closed in September, the number of foreclosures has been growing. Foreclosure activity saw an uptick in October, marking the sixth consecutive month of annual increases, according to the October 2021 Foreclosure Market Report from ATTOM Data Solutions. …

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FHFA: Desktop Appraisals to Become a Permanent Option

Investments, Mortgages / By

Published by REALTOR Magazine | October 19, 2021 The physical presence of an appraiser is no longer necessary to determine a home’s value. The Federal Housing Finance Agency will accept appraisals conducted remotely—without the physical presence of an appraiser—starting in early 2022 for qualifying Fannie Mae– or Freddie Mac–backed mortgages. The government-sponsored enterprises will use …

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What the New December Debt Ceiling Deadline Means for Mortgage Rates

Interest Rates, Mortgages / By

Published by FOX Business | October 8, 2021 The new debt ceiling extension will fund the government through Dec. 3 The Senate passed a temporary extension of the debt ceiling Thursday night in a 50 to 48 vote, giving the government enough funds to make it through December. The House of Representatives is expected to pass the …

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Biden Admin Extends Additional Mortgage Relief Options for FHA Loans

Covid-19, Mortgages / By

Published by FOX Business | September 30, 2021 The Federal Housing Administration (FHA) has announced new forbearance options for homeowners who are struggling to make their mortgage payments. The Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced Monday the extension and addition of new COVID-19 mortgage relief options for homeowners with …

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Biden Releases Plan for 100K Affordable Housing Units in 3 Years

Mortgages / By

Published by Florida Realtors | September 1, 2021 A cross section of federal agencies tinkered with policies in an effort to boost affordable housing and the middle class, according to the White House. For example, homesteading buyers will have more exclusive time (30 days) to buy foreclosed homes under FHFA. The Biden Administration announced a …

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These Housing Markets Need Just a 10% Down Payment

Mortgages / By

Published by FOX Business | August 15, 2021 Peoria, Illinois ranked the most affordable housing market. The demand for homes has continued, driven by low inventory levels and record-low mortgage rates. According to the National Association of Realtors latest quarterly report, all but one of 183 markets have shown increased median sales prices. The report also revealed that 94% experienced …

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FORBES: Housing Boom Will End When Mortgage Rates Rise In 2022

Mortgages / By

Published by Forbes | July 27, 2021 There is no bubble to burst, though prices may retreat from panic-buying highs. The current housing boom will flatten in 2022—or possibly early 2023—when mortgage interest rates rise. There is no bubble to burst, though prices may retreat from panic-buying highs. The boom produced some frantic buying, bids …

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